Insights

The private credit market has seen significant growth over the last few years and has the potential to nearly double in size again by 2027. At Castlelake, we believe that this proliferation has led to overcrowding in corporate direct lending – but that asset-based private credit has only just begun its period of expansion. Our newest whitepaper dives into these market dynamics to discuss why asset-based private credit is poised for growth, how it differs from corporate direct lending, and what benefits it may offer to those looking to diversify their private credit allocations.

Castlelake announced it reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST (https://www.prnewswire.com/news-releases/castlelake-reaches-purchase-agreement-for-up-to-4-billion-of-consumer-installment-loans-originated-on-upstarts-platform-301824322.html?tc=eml_cleartime#financial-modal) ), an artificial intelligence (AI) lending marketplace.

Castlelake announced  that Evan Carruthers, Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O’Neill, who has assumed the title of Executive Chair and Co-Chief Executive Officer. Additionally, Yen-Wah Lam has been promoted to Chief People Officer and President.  

Castlelake announced the full repayment of Castlelake Aircraft Securitization Trust 2016-1 (“CLAS 2016-1”), an aircraft-backed securitization (“ABS”) originally issued by Castlelake in 2016.

Castlelake has agreed to provide a facility of up to £100m to TradeBridge.

Castlelake announced the full repayment of Castlelake Aircraft Securitization Trust 2015-1R (“CLAS 2015-1R”), an aircraft-backed securitization (“ABS”) originally issued by Castlelake in 2015 and refinanced in 2019.

Castlelake announced that  it reached an agreement to provide financing, through its funds and entities, to Marco, a tech-enabled trade financing platform built for small and medium-sized businesses.

Castlelake announced a partnership with Peregrine Energy Management resulting in the creation of Peregrine Energy Solutions LLC, an integrated and multi-technology clean energy platform with a focus on utility scale energy storage.

Castlelake announced the creation of a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance financing solutions to buyers and owners of commercial aircraft assets.

Castlelake announced it has completed the financing of a loan to United Airlines (“United”) through Castlelake’s Aviation Lending Program.